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INCENTIVE DESCRIPTION
| State: | ID |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Property Tax Credits |
| Description: | 1. HEADQUARTERS REAL PROPERTY TAX CREDIT A credit of 10% of investment not to exceed $500,000 against income tax liability is allowed for investment in buildings and structural components related to headquarters or administrative facilities. Investments qualified for the Headquarters Investment Credit can not be used. 2. SMALL EMPLOYER PROPERTY TAX CREDIT A credit in the amount of 2.5% of qualified percent is allowed against income tax liability. The credit is limited to building and structural components of headquarters or administrative facilities. The credit can not exceed $125,000 in any one taxable year. |
| Eligibility Requirements: | 1. Must be a qualified headquarters or administrative facility. Investment tax credit purchases are not allowed. Applicable only to real property. Must meet all headquarters criteria. 2. Must be an eligible headquarters or administrative facility. Must make qualified investment in real property. Must meet all new job and capital investment requirements. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Idaho |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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